Your answers show that a combination of Term and IUL may give you the best of both worlds:

• Term Life: Higher coverage at a lower cost for today’s big responsibilities

• IUL (Indexed Universal Life): Lifetime coverage + potential tax-free cash value for future retirement, emergencies, or legacy

 

This strategy is ideal if you:

• Want to protect your family fully right now

• Also care about tax-free retirement money later

• Want flexibility: start with a smaller IUL now and grow it over time

• Like the idea of having access to money while you’re still alive

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How a Hybrid Strategy Can Look:

• Term policy: covers mortgage + income replacement for 20–30 years

• IUL policy: builds tax-free cash value you can use later for:

  • Retirement income

  • College support

  • Emergency fund

  • Future long-term care needs

💡 You don’t have to choose either–or. A smart plan often uses both Term and IUL at different levels.